Get all your news in one place.
100's of premium titles.
One app.
Start reading
Daily Mirror
Daily Mirror
Business
Levi Winchester

House of Fraser's flagship London store to shut and faces demolition after 150 years

House of Fraser looks set to close its 150-year-old flagship department store in central London if planning proposals are approved.

Planning officers at Westminster council have recommended plans to demolish the iconic Victoria Street building next summer.

As part of the proposal, it would be replaced with a £750million office and shops development.

If approved, House of Fraser would join West End names such as Debenhams and Dickins & Jones that have shut for good.

The plans, which have been put forward by Canadian-owned property investor and current owner of the site BentallGreenOak, will be heard at a Westminster planning committee on Tuesday.

The Victoria Street branch of House of Fraser began as Army & Navy in 1872 (Google)

If it goes through, House of Fraser will continue to trade until next summer, when there is a break clause in the lease.

The 390,000 sq ft base would then be demolished later in the year, and replaced with a 16-storey, 630,000 sq ft scheme with up to 20 shop units as well as restaurants.

BentallGreenOak development director Alexander Morris argues that the proposals will turn the site into “a new destination for residents, office workers and tourists to Westminster”.

Proposals also point out that House of Fraser is currently paying no rent and is a "poor retail presence".

Planning proposals on the Westminster Council website read: "The existing House of Fraser department store is located at basement to second floor level and has a poor retail presence with low colonnade and overhangs to the ground floor and blank façades above.

"The applicant has confirmed that the department store is currently paying no rent and is incongruous with current market trends."

The Victoria Street branch of House of Fraser began as Army & Navy in 1872, with the site being purchased by BentallGreenOak for £103 million in 2005.

The Mirror has contacted Frasers Group and BentallGreenOak for comment.

Last month, Frasers Group boss Mike Ashley warned of more store closures for the struggling high street.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.